Marathon Petroleum Plans to 'Maximize' U.S. Crude Input

Reuters, July 27, 2018

Marathon Petroleum Corp plans to “maximize” input of U.S. crude in the third quarter, taking advantage of bottlenecks in key shale plays that have weakened domestic prices. The company said on a Thursday earnings call that about 32 percent of its total throughput of 1.95 million barrels per day will be crude linked to the U.S. benchmark price, up from 23 percent during the same stretch last year.

Input of U.S. crude at the company’s Midwest refineries is expected to jump to 53 percent of total throughput in the third quarter, up from 38 percent last year. U.S. and Canadian producers have been forced to sell crude at a discount versus global prices as production has outpaced pipeline capacity.

(Reporting By Jarrett Renshaw; Editing by Chizu Nomiyama)

Click here to read the full article from Reuters.

Copyright 2019 Thomson Reuters. Click for restrictions.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.


Read short articles and insights authored by industry experts.


Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.


Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.